Padilla ... his membership could
boost the co-op's image
MAMBULAO Mayor Ricarte “Dong”
Padilla has joined an upcoming cooperative group called Mambulao Multi-Purpose
Cooperative (MMPC).
Padilla’s membership is hoped to
boost the image of MMPC, according to some overseas Mambulaons, who are also
intending to join the newly-formed group.
The mayor’s gesture to be a part of
the cooperative movement in Mambulao is seen as part of his effort to push a
livelihood undertaking aimed at spreading its economic benefits to the members
of the Mambulao community.
MMPC was formed mainly to provide
an investment venue for Mambulaoan overseas workers for the future of their
families and also to provide some jobs to marginalized locals.
So far, only seven overseas
Mambulaoans have registered with MMPC by paying their membership dues and their
incorporators’ shares.
Locally, there are 45 registered members.
The group is planning to venture
into trading and tourism-related projects once it is registered with the
Cooperative Development Authority (CDA).
MMPC is the first to be formed in
about a decade by a group of Mambulaoans, both locally- based and those working
overseas.
The co-op idea was hatched by a
group of overseas workers who belonged to a Facebook group called “Mambulao’s
On A Roll” headed by Jessie Obrero Lumapag, who is based in the Middle East.
The last known co-op was formed by a
alumni of the Jose Panganiban High School belonging to Batch ’66, with a number
of the members based overseas.
This co-op, which was engaged in a
lucrative fuel and lubricant business, folded up after a time due to bad
management and misuse of funds, according to a former member.
“Our co-op paid good dividends until
one day, we just learned it was already bankrupt,” said the member who declined
to be named.
For feedback email the writer: ahernandez@thenational.com.pg and alfredophernandez@y7mail.com
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